CUB Juniors India Savings Account

The ‘Juniors India’ Savings Account is the latest savings bank scheme from City Union Bank, introduced for the children of the country. This account, which is meant for minors offers many benefits to children, as account holders. In order to open a Juniors India account, the child must be introduced to the bank by an account holder. The City Union Bank requires the child applicant to submit his or her birth certificate at the time of opening the account.

Bank

City Union Bank

Name of Account

Juniors India Savings Bank Account

Category

Savings Bank Account

Eligibility

Children who are 1 day old to the ones below 18 years are eligible for the account.
Account is operated by a parent/guardian or court appointed guardian.

Age Proof

Birth Certificate of the Child (Applicant)

Debit Card Offered

For Children above 12 years, with consent of parent or guardian

Interest Rate

3.50% per annum at present

Balance Requirements for CUB Juniors India Savings Account

As it is a minor savings bank account, the minimum balance to be maintained on an average in the account is very low.

Cheque Book Account

Rs.250

Non-cheque Book Account

Rs.100

Services Offered on Junior India Savings Bank Account

The following services are offered on a Union Bank of India Junior India Savings Bank Account:

Age Group of 1 day to 12 years

Account holders of the Juniors India Savings account, who are between the ages of 1 day and 12 years, are provided with the following facilities:

Remittance of school or college fees

Payable at current rates

Fund transfer from parents/guardians account to the children’s account

Allowed at current interest rates

Nomination Facility

Available

RTGS and NEFT Facility

Free

Banking Facilities

At all locations

A toy hundial is also given for free to the Juniors India account holders.

Age Group above 12 years

Account holders of the Juniors India Savings account, who are above 12 years, are provided with the following facilities

Remittance of school or college fees

Payable at current rates

Fund transfer from parents/guardians account to the children’s account

Allowed at current interest rates

Nomination Facility

Available

RTGS and NEFT Facility

Free

Banking Facilities

At all locations

Issue of ATM cum Debit Card

With consent from parents or guardian

Use of Internet Banking Facilities

With consent from parents or guardian

When the account holders of the Juniors India Savings Bank Account turn 17 (completion of 17 years), they can continue their account with the bank under Young India Scheme. When they cross the age of 25, they can then convert the account further to a normal City Union Bank Savings Bank account.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.